|
|
Article: You can quote us on that: a stock market flotation brings with it a whole raft of new responsibilities for a company's management team, but the technical regulations could turn out to be the least of its worries. Mike Brooks describes the oft-conflicting stakeholder interests that need to be considered before a business goes public.(How To Manage Going Public)
- Article from:
- Financial Management (UK)
- Article date:
- October 1, 2004
- Author:
CopyrightCOPYRIGHT 2004 Chartered Institute of Management Accountants (CIMA). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In my two previous FM features--"Critical maths" (June) and "Uneasy money" (July/ August)--I explained ways to solve the funding problems of a growing business and the implications of bringing new shareholders into a firm previously owned by its founders. In tiffs article, the last of the series, I will describe what for many firms is the ultimate step: becoming a publicly quoted company.
In the UK there are two main tiers to the stock market: a full quotation on the London Stock Exchange (LSE) and a quotation on the Alternative Investment Market (AIM). The mechanics of arranging for a company's securities to be traded on either are already well documented the ...